Summary:
- Google's former CEO Eric Schmidt has backed a new blockchain project called Keeta, which is a scalable Layer 1 blockchain designed for real-world financial systems.
- Keeta aims to address the limitations of existing blockchains by offering high transaction speeds, low fees, and the ability to handle large volumes of data and transactions.
- The article explains that Keeta is built to support a wide range of decentralized applications, including those in the areas of finance, supply chain management, and digital identity.